EUR/GBP trading signals

November 14, 2005 by Trader Rich 

I entered a position in the EUR/GBP pair by going short yesterday at .6730.  My trade was made based on the following criteria:

1.  Right triangle formation with the .6740 level being tested multiple times before the breakout down.

2.  Sustained downside momentum

3.  Negative MACD below zero line. 

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